Did you know a Health Savings Account, or HSA, offers three different tax advantages? Contributions are deductible and earnings are tax-deferred while in the HSA. Plus distributions are tax-free when you use them for qualified medical expenses.
If you’re enrolled in a high-deductible health insurance plan, you may want to consider contributing to a Health Savings Account. Keep in mind that, like other retirement savings vehicles, HSAs come with their own set of rules. You must follow these rules to enjoy all of your tax benefits.
To find more about out how an HSA might benefit you, contact Chris Robinson with RFG Wealth Advisory at 940-464-4104 to schedule a time to visit.
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